J-K achieves 97% target under PMAY-G, 3.23 lakh houses built

J-K achieves 97% target under PMAY-G, 3.23 lakh houses built


Jammu and Kashmir has completed more than 3 lakh houses under the Pradhan Mantri Awas Yojana-Gramin, achieving 97 per cent of the target, officials said on Sunday.

Rural Development and Panchayati Raj Department Secretary Mohammad Aijaz Asad directed officials to accelerate the pace of work for the remaining 11,340 houses under the scheme.

During a meeting to review the progress of PMAY-G in the Union Territory, he said the current phase of the scheme is nearing completion, and all works sanctioned under the existing phase must be completed without delay before the new phase begins.

The meeting was informed that a total of 3,23,299 houses has been completed, while work is in progress on the remaining 11,340 houses.

Asad directed assistant commissioners of development (ACDs) and block development officers (BDOs) to track each case and ensure that no sanctioned house remains incomplete.

He also instructed that any technical or administrative bottlenecks hindering progress be resolved immediately.

The secretary said that all pending works must be completed by April 15, stressing that officers should make every possible effort, even if it requires working around the clock, as houses left incomplete under the previous phase will not be taken up once the new phase begins.

He also directed the directors of rural development of the Jammu and Kashmir region to hold weekly review meetings and keep the department informed about the progress achieved.

He stressed the need for early release of pending instalments to beneficiaries, directing ACDs to conduct block-wise reviews in this regard.

Highlighting the recent survey conducted ahead of the launch of the new phase, he said that although it has been carried out using AI-based technology, deputy commissioners will still review to ensure that no eligible households are missed.

Published on March 15, 2026



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Top-10 firms lose ₹4.48 lakh cr in mcap, SBI, HDFC Bank biggest laggards

Top-10 firms lose ₹4.48 lakh cr in mcap, SBI, HDFC Bank biggest laggards


Market weakness sustained due to a consistent rise in crude oil prices amid escalating West Asia conflict.
| Photo Credit:
Balaji W S 463@Chennai

The combined market valuation of the top-10 domestic firms eroded sharply by ₹4.48 lakh crore last week, in tandem with a steep decline in equities, with banking majors State Bank of India and HDFC Bank taking the biggest hit.

Last week, the BSE benchmark Sensex tanked 4,354.98 points or 5.51 per cent, and the NSE Nifty dropped 1,299.35 points or 5.31 per cent as surging crude prices raised concerns over inflationary pressures and global economic stability amid the widening conflict in West Asia.

“The primary driver behind the market weakness was the sustained rise in crude oil prices following the escalating conflict between Iran, the United States and Israel. Brent crude surged past $101 per barrel, raising concerns over India’s fiscal position and inflation outlook,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

The market valuation of State Bank of India tumbled ₹89,306.22 crore to ₹9,66,261.05 crore.

HDFC Bank faced an erosion of ₹61,715.32 crore to ₹12,57,391.76 crore.

The valuation of Bajaj Finance dived ₹59,082.49 crore to ₹5,32,053.54 crore and that of Tata Consultancy Services (TCS) tanked ₹53,312.52 crore to ₹8,72,067.63 crore.

The market capitalisation (mcap) of ICICI Bank dropped by ₹42,205.04 crore to ₹8,97,844.78 crore and that of Bharti Airtel plunged ₹38,688.78 crore to ₹10,28,431.72 crore.

Reliance Industries’ valuation fell by ₹33,289.88 crore to ₹18,68,293.17 crore.

The mcap of LIC diminished by ₹31,245.49 crore to ₹4,88,985.57 crore and that of Infosys declined by ₹24,230.96 crore to ₹5,06,315.58 crore.

Hindustan Unilever’s mcap dipped by ₹15,401.57 crore to ₹5,07,640.94 crore.

Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Hindustan Unilever, Infosys and LIC.

Published on March 15, 2026



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Aluminium body urges DGFT to exclude sector from 50% cut in new RoDTEP norms

Aluminium body urges DGFT to exclude sector from 50% cut in new RoDTEP norms


The Aluminium Association Indian (AAI) has urged the Director-General of Foreign Trade (DGFT), Ministry of Commerce and Industry, to exclude aluminium and aluminium products from the 50 per cent reduction in the Remission of Duties and Taxes on Exported Products (RoDTEP) rates.

AAI said its request follows the reduction in RoDTEP rates across sectors by a flat 50 per cent with immediate effect.

Earlier, RoDTEP rates for aluminium exports were nearly 3 per cent for domestic tariff area (DTA) units and 2.2 per cent for (Sepcial Economic Zones) SEZ units.

In detailed representation to the DGFT, AAI has sought exclusion of export products under ITC HS Chapter 76 (Aluminium and Articles thereof) from the scope of the February 23, 2026, order.

It is similar to the exemption already granted to products under ITC HS Chapters 01–24.

Unrebated taxes

The notification of RoDTEP rates for the 2026–27 financial year is based on the actual incidence of unrebated taxes applicable to the aluminium sector, for both DTA  and SEZ units. 

AAI said India’s aluminium exports, valued at around $7 billion or nearly 2 per cent of the country’s total goods exports, are facing increasing pressure due to escalating tariff and nontariff barriers in key markets. 

At the same time, the domestic aluminium industry is confronting a double challenge: export opportunities are shrinking as global tariff regimes tighten, while imports into India continue to rise sharply.

EU indirect barrier

The European Union’s Carbon Border Adjustment Mechanism has created an indirect tariff barrier ranging from 7 per cent to 50 per cent, while exports to the US continue to face 50 per cent duties under Section 232 Tariffs. 

The association said Mexico has increased customs duties on aluminium products to 10–35 per cent from January 2026, while rising Chinese-funded aluminium capacities in Indonesia are further intensifying competition in global markets.

AAI said the aluminium industry had already submitted detailed data and made representations before the committee constituted to recommend RoDTEP rates. 

According to industry submissions, the actual incidence of unrebated taxes on exported aluminium products are at around 8–9 per cent of FoB (free on board) value for DTA units and 6–7 per cent for SEZ units.

AAI said extending the exemption to aluminium exports would help maintain competitiveness for Indian producers in global markets.

Published on March 15, 2026



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ईरान वॉर के तीसरे हफ्ते में पहुंचने पर बढ़ी पाकिस्तान की भारी मुश्किलें

ईरान वॉर के तीसरे हफ्ते में पहुंचने पर बढ़ी पाकिस्तान की भारी मुश्किलें


West Asian Tension Impact on Pakistan: मिडिल ईस्ट में जारी युद्ध ने भारत के पड़ोसी पाकिस्तान के सामने बड़ा संकट खड़ा कर दिया है. हालात ऐसे हैं कि एक तरफ पेट्रोल की कीमतें आसमान छू रही हैं, वहीं दूसरी ओर सरकार को समझ नहीं आ रहा कि आखिर इस चुनौती से कैसे मुकाबला किया जाए. इसके लिए पाकिस्तान सरकार ने सरकारी कंपनियों में 30 प्रतिशत तक वेतन कटौती को भी मंजूरी दे दी है. Shehbaz Sharif के नेतृत्व वाली पाकिस्तान सरकार ने शनिवार को सरकारी स्वामित्व वाले उपक्रमों (एसओई) और स्वायत्त संस्थानों के कर्मचारियों के वेतन में 5 से 30 प्रतिशत तक कटौती को मंजूरी दे दी.

मिडिल ईस्ट संकट का पाकिस्तान पर असर

ये कदम व्यापक मितव्ययिता अभियान के तहत उठाया गया है. प्रधानमंत्री कार्यालय की ओर से जारी एक बयान के अनुसार, ईंधन कीमतों में उतार-चढ़ाव और सरकारी बचत उपायों की समीक्षा के लिए एक उच्च स्तरीय बैठक आयोजित की गई, जिसकी अध्यक्षता प्रधानमंत्री शहबाज शरीफ ने की.

बैठक में फैसला लिया गया कि सरकारी कर्मचारियों की तरह ही राज्य के स्वामित्व वाले उपक्रमों और सरकार के संरक्षण में चलने वाले स्वायत्त संस्थानों के कर्मचारियों के वेतन में भी 5 से 30 प्रतिशत तक कटौती की जाएगी.

बयान में कहा गया है कि इन उपायों से होने वाली बचत का उपयोग केवल जनता को राहत देने के लिए किया जाएगा. बैठक में यह भी बताया गया कि सरकारी वाहनों के लिए ईंधन आवंटन में 50 प्रतिशत कटौती की निगरानी तीसरे पक्ष के ऑडिट के माध्यम से की जाएगी, जबकि अगले दो महीनों में 60 प्रतिशत सरकारी वाहनों को सड़कों से हटा दिया जाएगा.

दो महीनों में 60 प्रतिशत हटेंगी गाड़ियां

बयान के अनुसार, सरकार द्वारा नए वाहनों की खरीद पर पूर्ण प्रतिबंध और अन्य सरकारी खरीद पर रोक के फैसले को भी लागू रखा जाएगा. कैबिनेट सदस्यों, मंत्रियों, सलाहकारों और विशेष सहायकों के दो महीनों के वेतन को भी जनकल्याण के लिए बचत के रूप में उपयोग किया जाएगा.

प्रधानमंत्री ने कहा कि सरकारी अधिकारियों, मंत्रियों, राज्य मंत्रियों और विशेष सहायकों की विदेशी यात्राओं पर लगाया गया पूर्ण प्रतिबंध जारी रहेगा.

अमेरिका-ईरान युद्ध के तीसरे सप्ताह में पहुंचने के बाद पाकिस्तान पर इसका असर दिखने लगा है. पिछले शुक्रवार को पेट्रोलियम कीमतों में 55 रुपये प्रति लीटर की वृद्धि के बाद सरकार ने ईंधन खपत कम करने के लिए कई उपायों की घोषणा की थी.

ये भी पढ़ें: निवेशकों के लिए कमाई का मौका! इस हफ्ते खुलेंगे 3 नए IPO, जानें पूरी डिटेल



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Iran warns UAE ports of attack as Kharg Island strikes escalate Gulf tensions

Iran warns UAE ports of attack as Kharg Island strikes escalate Gulf tensions


A file photo of the Port of Fujairah in the United Arab Emirates on the Gulf of Oman, near the Strait of Hormuz. Earlier, Iran issued evacuation warnings for major ports in the UAE, accusing the US of using facilities there to launch attacks on Kharg Island.
| Photo Credit:
NICOLAS ECONOMOU

Iran issued an evacuation warning for three major ports in the United Arab Emirates on Saturday, including the busiest in the Middle East, openly threatening a neighbouring country’s non-US assets for the first time as its war with the US and Israel entered its third week.

Iran said the US had used “ports, docks and hideouts” in the UAE to launch strikes on Iran’s Kharg Island, without providing evidence. It urged people to evacuate areas where it said US forces were sheltering.

Fire reported at Fujairah after intercepted drone debris

Hours after the threat, there was no sign of an attack on Dubai’s Jebel Ali port – the Mideast’s busiest – or the Khalifa port in Abu Dhabi. But Associated Press images showed a fire at the third port, in Fujairah, caused by debris from an intercepted Iranian drone hitting an oil facility.

Iran claims US used UAE locations to strike islands

Iranian Foreign Minister Abbas Araghchi told MS NOW that the US attacked Kharg Island and Abu Musa Island with low-range artillery from two locations in the UAE, Ras Al-Khaimah and a place “very close to Dubai,” calling that dangerous and saying Iran “will try to be careful not to attack any populated area” there.

Iran has fired hundreds of missiles and drones at Arab Gulf neighbors during the war, but it said it was targeting US assets, even as hits or attempts were reported on civilian ones such as airports and oil fields.

Trump says US ‘obliterated’ Kharg Island sites

On Friday, US President Donald Trump said the US “obliterated” military sites on Kharg Island, home to the main terminal handling Iran’s oil exports.

He said oil infrastructure could be next if Tehran continues to interfere with ships’ passage through the Strait of Hormuz, where vessels are backed up and one-fifth of global oil supplies usually transit.

Iran warns of stronger retaliation if oil sites hit

Iran’s parliamentary speaker has said strikes against the country’s oil infrastructure would provoke a new level of retaliation.

Trump calls for global naval presence in Hormuz

As global anxiety soars over oil prices and supplies, Trump said Saturday that he hopes China, France, Japan, South Korea, the UK and others send warships to keep the Strait of Hormuz “open and safe”.

Britain in response said it was discussing with allies a “range of options” to secure shipping.

Iran reiterates threat to target US-linked infrastructure

On Saturday, Iran’s joint military command reiterated its threat to attack US-linked “oil, economic and energy infrastructures” in the region if the Islamic Republic’s oil infrastructure is hit.

Iran’s semiofficial Fars news agency said the Kharg Island strikes caused no damage to oil infrastructure. It said they targeted an air defence facility, a naval base, the airport control tower and an offshore oil company’s helicopter hangar.

US Central Command said it destroyed naval mine storage facilities, missile storage bunkers and other military sites.

Israel claims over 200 targets hit in 24 hours

Israel earlier announced another wave of strikes in Iran targeting infrastructure, and said its air force had hit more than 200 targets in the last 24 hours, including missile launchers, defence systems and weapons production sites.

A US official said Friday that 2,500 more Marines with the 31st Marine Expeditionary Unit and the amphibious assault ship USS Tripoli were being sent to the Middle East, adding to the military’s largest buildup of warships and aircraft in the region in decades.

The official spoke on condition of anonymity to discuss sensitive military plans.

Marine units trained for multiple crisis roles

Marine Expeditionary Units can conduct amphibious landings but also specialise in bolstering security at embassies, evacuating civilians and providing disaster relief.

The deployment doesn’t necessarily indicate that a ground operation will take place. The Wall Street Journal first reported the Marine deployment.

The Tripoli was spotted by commercial satellites sailing near Taiwan, putting it more than a week away from waters off Iran.

Large US naval presence already in region

Earlier in the week, the Navy had 12 ships, including the aircraft carrier USS Abraham Lincoln and eight destroyers, in the Arabian Sea. The total number of US service members on the ground in the Middle East isn’t clear.

A missile struck a helipad inside the US Embassy compound in Baghdad on Saturday. No one immediately claimed responsibility for the attack. The embassy complex, one of the largest US diplomatic facilities in the world, has been repeatedly targeted by rockets and drones fired by Iran-aligned militias.

There was no immediate comment from the embassy. On Friday, it renewed its Level 4 security alert for Iraq, warning that Iran and Iran-aligned militia groups have previously carried out attacks against US citizens, interests and infrastructure and “may continue to target them”.

Lebanon crisis worsens amid Israel strikes

Meanwhile, Lebanon’s humanitarian crisis deepened, with over 800 people killed and 850,000 displaced as Israel launched waves of strikes against Iran-backed Hezbollah militants.

Published on March 15, 2026



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